Hi All, I am new to the Forums and new to Ltd Company contracting and am looking for advice on the following :-
Im Currently offshore until 14th February abroad
I am a Limited company contractor for an Offshore shipping company client whom ive been with for over a year, My signed contract states I MY NAME am a self employed consultant to Their COMPANY NAME Ltd, or any other group company (Their company name).
It states Term of engagement = The consultancy shall (commence or be deemed to have commenced) on 01st feb 2013 and shall continue until terminated:
a. as provided by the terms of Agreemenet.......b. By either party giving to the other No less than 4 weeks Prior written Notice.
The company agreement I have here is in the name only of the company im currently with however they are being taken over by another company foreign who are going to take over 1st march which is when new terms and conditions of New company should come in therefore The other company needs to provide me with a new agreement...(Am I correct in thinking this?)............ The new company have said by word of mouth so far they want to keep us (Me and my back to back) until June 2014 on the same terms of engagement as previous company.............However...................
Am I right in thinking if my current company do not terminate my agreement by the 1st February (in the agreement it states 4 weeks written notice)
So Then I am entitled to claim 4 weeks full pay for not terminating My Contract if they Do not Terminate?
To me this is Breaching my current contract...I don't know if im right but please correct me if I am wrong as I am new this year to LTD Company so am still learning.
Everyone is confused onboard as it is including the permanent staff cuss it has been sprang like a blink of an eye. ( We all do think thou that the company has known about this a long time and just lied to everyone.
The company I am currently with is in England UK but I work abroad overseas for them in the Middle east.
Thanks
Im Currently offshore until 14th February abroad
I am a Limited company contractor for an Offshore shipping company client whom ive been with for over a year, My signed contract states I MY NAME am a self employed consultant to Their COMPANY NAME Ltd, or any other group company (Their company name).
It states Term of engagement = The consultancy shall (commence or be deemed to have commenced) on 01st feb 2013 and shall continue until terminated:
a. as provided by the terms of Agreemenet.......b. By either party giving to the other No less than 4 weeks Prior written Notice.
The company agreement I have here is in the name only of the company im currently with however they are being taken over by another company foreign who are going to take over 1st march which is when new terms and conditions of New company should come in therefore The other company needs to provide me with a new agreement...(Am I correct in thinking this?)............ The new company have said by word of mouth so far they want to keep us (Me and my back to back) until June 2014 on the same terms of engagement as previous company.............However...................
Am I right in thinking if my current company do not terminate my agreement by the 1st February (in the agreement it states 4 weeks written notice)
So Then I am entitled to claim 4 weeks full pay for not terminating My Contract if they Do not Terminate?
To me this is Breaching my current contract...I don't know if im right but please correct me if I am wrong as I am new this year to LTD Company so am still learning.
Everyone is confused onboard as it is including the permanent staff cuss it has been sprang like a blink of an eye. ( We all do think thou that the company has known about this a long time and just lied to everyone.
The company I am currently with is in England UK but I work abroad overseas for them in the Middle east.
Thanks
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